What is Enterprise Risk Management?

It is “a process, effected by an entity’s… management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives” (COSO, 2004).

East Carolina’s ERM Approach:

Work through the Enterprise Risk Management Committee in a decentralized fashion to accomplish ERM goals